Government meeting discussed the fuel and energy sector's performance for January-May 2026
09:10 06.06.2026 2371
On June 5, President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers to review the country's work over the first five months of this year, TDH reports.
During the meeting, Vice-Chairman of the Cabinet of Ministers Guvanch Agajanov reported on the country's progress in January-May 2026 to increase oil and gas production and expand supply routes to global markets.
As reported, the State Concern Turkmennebit fulfilled its oil production plan by 107.6 percent.
During the same period, the refineries' oil refining plan was fulfilled by 104.6 percent. The gasoline production plan was fulfilled by 110 percent, diesel fuel by 110.4 percent, lubricants by 124.1 percent, and liquefied gas by 111.4 percent.
The natural and associated gas production plan was fulfilled by 106.6 percent.
Summarizing the report, President Serdar Berdimuhamedov noted the importance of maintaining the pace of work to increase natural gas and oil production and the widespread introduction of modern technologies into the fuel and energy sector.
At the same time, the head of state emphasized the need to focus on measures to bring production to full capacity and ensure their uninterrupted operation.
The Vice-Chairman was also instructed to improve the efficiency of geological exploration and drilling operations.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
The President of Turkmenistan dismissed the Deputy Chairman of the State Concern «Turkmennebit»
By the Decree of the President of Turkmenistan, Mammedov Toygeldi Bayrammyradovich was dismissed from the post of Deputy Chairman of the State Concern «Turkmennebit» as he failed to cope with the duties assigned to him.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.